SG Americas Securities LLC Has $2.95 Million Stake in Wintrust Financial Corporation $WTFC

SG Americas Securities LLC increased its holdings in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 1,400.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,251 shares of the bank’s stock after purchasing an additional 20,768 shares during the period. SG Americas Securities LLC’s holdings in Wintrust Financial were worth $2,947,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Advisors Asset Management Inc. bought a new stake in Wintrust Financial in the first quarter valued at $27,000. Jones Financial Companies Lllp boosted its position in shares of Wintrust Financial by 49.0% during the 1st quarter. Jones Financial Companies Lllp now owns 1,019 shares of the bank’s stock worth $115,000 after purchasing an additional 335 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Wintrust Financial by 7.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 179,430 shares of the bank’s stock valued at $20,179,000 after buying an additional 12,103 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in shares of Wintrust Financial by 52.9% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 289 shares of the bank’s stock valued at $36,000 after buying an additional 100 shares during the period. Finally, Harbor Capital Advisors Inc. increased its position in Wintrust Financial by 6.8% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 95,903 shares of the bank’s stock valued at $11,890,000 after buying an additional 6,088 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on WTFC shares. Cowen restated a “buy” rating on shares of Wintrust Financial in a report on Wednesday, January 7th. Truist Financial boosted their price target on shares of Wintrust Financial from $151.00 to $158.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Piper Sandler restated an “overweight” rating and set a $161.00 price objective (up previously from $160.00) on shares of Wintrust Financial in a report on Wednesday, October 22nd. TD Cowen lifted their price objective on shares of Wintrust Financial from $168.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, January 7th. Finally, Citigroup boosted their target price on shares of Wintrust Financial from $159.00 to $167.00 and gave the stock a “buy” rating in a research report on Tuesday, December 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $154.50.

Wintrust Financial Stock Down 1.6%

Wintrust Financial stock opened at $143.61 on Tuesday. The firm has a 50 day moving average price of $137.20 and a 200-day moving average price of $133.21. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.65. Wintrust Financial Corporation has a twelve month low of $89.10 and a twelve month high of $149.79. The company has a market capitalization of $9.62 billion, a P/E ratio of 13.20 and a beta of 0.88.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Thursday, November 6th. The bank reported $3.06 earnings per share for the quarter. The firm had revenue of $1.26 billion during the quarter. Wintrust Financial had a net margin of 18.85% and a return on equity of 12.82%. As a group, equities analysts predict that Wintrust Financial Corporation will post 10.36 EPS for the current year.

Wintrust Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, November 6th. Wintrust Financial’s payout ratio is currently 18.38%.

About Wintrust Financial

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.